Entries by Progress In Lending

TONY GARRITANO

Why start an industry group like PROGRESS in Lending Association? “Going forward, given the recent turmoil, the mortgage space is literally going to be transformed,” answered Tony Garritano. “I formed this association to ensure that this transformation is for the better and not for the worse. Technology is going to play a critical role in […]

The Percentage Of Purchase Loans Continues To Rise

The percentage of closed purchase loans increased to 62 percent of total closed loans, up 6 percent from the month prior according to the March Origination Insight Report from Ellie Mae. The percentage of closed refinances decreased to 38 percent, down from 43 percent the month prior. This comes as 30-year interest rates continued to rise to 4.69 […]

ROGER GUDOBBA

In detailing the industry significance of PROGRESS in Lending Association, Roger Gudobba believes, “The mortgage industry has always lacked strategic thinking. It’s slow to embrace new ideas. PROGRESS in Lending Association provides a place for thoughts and ideas to flow freely. It’s easier to move things forward when you’re in a group. This association is […]

MICHAEL HAMMOND

What can Progress in Lending Association do for the mortgage industry? Michael Hammond noted, “There currently is a void in the mortgage industry where technology and business discussions can openly and candidly take place to address industry problems. In the past year alone the mortgage industry has had to adapt to business-changing regulation like MDIA […]

Partners Deliver Collaborative eClosing With eNotarization

Pavaso has partnered with Utah-based mortgage lender Intercap Lending, Salt Lake City-based Elevated Title and Columbus, Ohio-based Signature Closers to deliver an eClosing experience during which the lender, title company and notary provider all collaborate within the Pavaso portal to complete the closing. On March 26, 2018, Intercap Lending used the Pavaso platform to electronically close its first loan with national title company Elevated Title and […]

MOLLY DOWDY

What’s the role of PROGRESS in Lending Association in the mortgage industry? The association is a network of knowledge, backed by industry professionals, Molly Dowdy affirms. “Having an organized way to exchange ideas about technology and innovation is critical. Sharing information and best practices is important in any industry, but especially in ours: it’s specialized […]